Altria Group, Inc. $MO Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lessened its stake in Altria Group, Inc. (NYSE:MO) by 76.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,160 shares of the company’s stock after selling 80,855 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Altria Group were worth $1,475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mattson Financial Services LLC bought a new position in shares of Altria Group during the 1st quarter valued at about $25,000. Global X Japan Co. Ltd. bought a new position in shares of Altria Group during the 2nd quarter valued at about $25,000. Carderock Capital Management Inc. bought a new position in shares of Altria Group during the 2nd quarter valued at about $26,000. Sierra Ocean LLC boosted its position in shares of Altria Group by 226.3% during the 1st quarter. Sierra Ocean LLC now owns 509 shares of the company’s stock valued at $31,000 after purchasing an additional 353 shares in the last quarter. Finally, Inlight Wealth Management LLC purchased a new stake in Altria Group during the first quarter valued at about $31,000. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Performance

Shares of MO opened at $66.64 on Wednesday. Altria Group, Inc. has a twelve month low of $48.86 and a twelve month high of $68.60. The firm’s 50 day moving average price is $65.46 and its 200 day moving average price is $61.04. The firm has a market cap of $111.94 billion, a PE ratio of 12.89, a PEG ratio of 3.52 and a beta of 0.55.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.37 by $0.07. The company had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.21 billion. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%.The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the company posted $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. On average, sell-side analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.06 per share. The ex-dividend date of this dividend is Monday, September 15th. This is a boost from Altria Group’s previous quarterly dividend of $1.02. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.4%. Altria Group’s dividend payout ratio (DPR) is 82.01%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MO shares. The Goldman Sachs Group upped their price objective on shares of Altria Group from $65.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. UBS Group raised shares of Altria Group from a “sell” rating to a “neutral” rating and upped their price objective for the company from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Jefferies Financial Group started coverage on shares of Altria Group in a research note on Wednesday, July 9th. They set an “underperform” rating and a $50.00 price objective for the company. Bank of America upped their price objective on shares of Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Finally, Morgan Stanley upped their price objective on shares of Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Altria Group presently has a consensus rating of “Hold” and an average target price of $62.11.

Altria Group Company Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.